Caymen Engley, together with 2 co-investors, acquired Kranendonk
Client
Cayman Engley Industrial Co., Ltd. (“Cayman Engley”) Cayman Engley is a renowned Chinese automobile supplier listed in Taiwan exchange (TPE:2239) with a current market capitalization of over USD 650 million and a total sales of approx. USD 500 million.
and one of the co-investors
Project outline
· Buyer: Cayman Engley Industrial Co., Ltd., Eurasian Consulting GmbH & Co. Beratungs KG (“Eurasian Consulting”) and another co-investor · Seller: Kranendonk Holding B.V., the holding company of the Target · Target: as a long-term business partner of ABB, Kranendonk Beheersmaatschappij B.V. is a global market leader in providing non-repetitive robot welding, cutting and assembly solutions and equipment with universal applications in steel-related industries. The annual sales of the company is approx.. 10 million EUR. · Our service: Successful support in the whole M&A process as exclusive M&A buyer consultant, including drawing up of acquisition structure, company valuation, preparation of the Indicative Offer, organization and coordination of due diligence team and business negotiations etc. · Shares Purchase Agreement signed on 30th Nov., 2016 · Eurasian Consulting and the other co-investor have already completed their exit from this project in 2018.
Highlights
· Through the transaction, Cayman Engley is able to upgrade its own automated production lines and enter the automation field.
· Full participation in the post-integration as one of the co-investors, including assisting Kranendonk in the expansion of its products and technology in the Chinese market, integration of the management system and financial reporting system etc.
